Banking & Finance

🔒CT bank seeks shareholder approval for reverse stock split amid turnaround effort

Patriot National Bancorp is seeking shareholder approval for a reverse stock split as part of a broader turnaround effort.

Larson, Bronin in a tight battle for campaign donations

Larson and Bronin are leading fundraising in the 1st District Democratic primary.

🔒CT Dept. of Banking reduces debt collector’s penalty to $50K, vacates original order

A Utah debt collection company that Connecticut regulators fined $140,000 earlier this year has reached a new...

🔒Report: AI tools becoming standard in dealmaking, but concerns linger

SS&C Technologies, based in Windsor, has released what it’s calling a benchmarking study of AI in dealmaking.
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🔒Norwalk-based financial data firm FactSet names new CFO

FactSet has appointed a new CFO and disclosed transition and compensation details tied to the departure of its current finance chief.

🔒Bloomfield manufacturer Arxis, tied to Kaman Corp., targets up to $1B in IPO proceeds

Arxis Inc. said it expects to sell about 37.7 million shares priced between $25 and $28 each.

Financial literacy courses are expanding in CT, thanks to new requirement

When Stamford High School students arrive at their personal finance class, they’re greeted by a stock ticker...

🔒CT RIA firm acquires five companies with more than $2.33B in client business

A Stamford-based registered investment advisory firm said it added five advisor teams in the first quarter of...
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🔒Chase Bank eyes Farmington Valley for latest expansion

JPMorgan Chase Bank is planning to expand its Connecticut presence with a new branch in Simsbury.

🔒Norwalk adviser accepts 7-year ban; questions linger over webinar held during suspension

A Norwalk investment adviser agreed to a seven-year industry ban over years of alleged compliance failures and misleading disclosures, as questions remain about whether he continued soliciting clients after state regulators moved to shut him down.
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